On September 25th, Washington Mutual (WM), the Seattle based loan and savings giant, was seized by the FDIC after depositors withdrew more than $16 billion from the bank in 10 days over concerns that the bank, unable to find a buyer quickly (the talks and rumors on potential buyers have been going on for a […]

Zecco recently announced that it will give its existing and new customers unlimited free trades in both stocks and options. The online discount broker has been offering the standard 10 commission-free trades every month for its members with at least $2,500 initial funding in their accounts since last year. This new program will, even though […]

Two weeks ago, I bought 125 shares of Washington Mutual (WM) at $2.00 apiece. Back then I was hoping that somebody (like JP Morgan Chase) would quickly buy the thrift to avoid a failure. WaMu stock even moved over $4.00 briefly last Friday when the bailout plan was first announced. I didn’t sell my shares […]

This is a guest post by Tanesha Morgan, writer for Personal Finance Analyst. Personal Finance Analyst is an online community of bloggers dedicated to taking the mystery out of money and helping you to live a happier, more successful life with the money you have. Did you catch a glimpse of CNBC today? Yesterday? Any […]

Yesterday, I talked about why money-market funds may not be as safe as you think, after The Reserve Primary Fund cut the NAV of the fund from $1 to 97 cents. Even though money in mutual funds (money-market funds are mutual funds) are not insured or guaranteed by the government, the nature of the investments […]

Yesterday, another piece of big news was that The Reserve Primary Fund (RFIXX) announced it cut the money-market fund’s net asset value (NAV) to 97 cents from $1.00, a news that surprised and shocked many, especially those invest in the fund . The reason the fund decided to reduce the NAV by 3 cents, also […]

I have a TradeKing account, but I didn’t use it as often as I did with Scottrade or Zecco and I didn’t really pay attention on how the stock quote is given in TradeKing. I usually check the quote before placing an order and I never noticed anything until yesterday when I was buying shares […]

Remember this chart because you won’t see it very often, if again at all. Today, gold price jumped the most in its history, rocketing up $84.50 to close at $864.10 an ounce. Last week this time, gold just touched a 11-month low of $742. Gold has been under a lot of pressure lately. As the […]

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